F5, Inc. (NASDAQ:FFIV) Holdings Decreased by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,051 shares of the network technology company's stock after selling 6,489 shares during the quarter. Toronto Dominion Bank's holdings in F5 were worth $6,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Siemens Fonds Invest GmbH grew its holdings in shares of F5 by 2,300.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 65,996 shares of the network technology company's stock valued at $16,596,000 after buying an additional 63,247 shares in the last quarter. Sherbrooke Park Advisers LLC grew its holdings in shares of F5 by 10.3% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 1,477 shares of the network technology company's stock valued at $371,000 after buying an additional 138 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of F5 by 143.5% during the fourth quarter. Royal Bank of Canada now owns 73,824 shares of the network technology company's stock valued at $18,565,000 after buying an additional 43,507 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of F5 during the fourth quarter valued at $334,000. Finally, Polar Capital Holdings Plc purchased a new position in shares of F5 during the fourth quarter valued at $15,789,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Buying and Selling

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,305 shares of company stock valued at $2,561,360. Insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Piper Sandler boosted their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $282.56.

F5 Stock Performance

FFIV opened at $286.26 on Thursday. The company has a market cap of $16.44 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. The stock has a 50-day moving average of $266.29 and a 200-day moving average of $266.97. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.91 EPS. On average, research analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

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